Which of the following is the least liquid?

Assessment: WAEC SSCE - Financial Accounting - 1998 (Objective) Subject: Financial Accounting

Question 1 Report

Which of the following is the least liquid?
Answer Details
The least liquid asset is the one that cannot be easily converted into cash. In this case, payment machinery would be the least liquid as it cannot be easily sold or converted into cash. Stocks, debtors, and bills receivable can be easily converted into cash as they are assets that are readily tradable in the market.
Read lesson note on Stock Valuation (JAMB)
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